Current:Home > StocksBangladesh gets first uranium shipment from Russia for its Moscow-built nuclear power plant -Infinite Profit Zone
Bangladesh gets first uranium shipment from Russia for its Moscow-built nuclear power plant
View
Date:2025-04-25 16:55:07
DHAKA, Bangladesh (AP) — Bangladesh on Thursday received the first uranium shipment from Russia to fuel the country’s only nuclear power plant, still under construction by Moscow. Once finished, the plant is expected to boost Bangladesh’s national grid and help the South Asian nation’s growing economy.
The Rooppur power plant will produce 2,400 megawatts of electricity — powering about 15 million households — when the twin-unit facility goes fully online. The plant is being constructed by Rosatom, Russia’s state nuclear energy corporation. Moscow has funded the construction with a $11.38 billion loan, to be repaid over two decades, starting from 2027.
Once Rooppur starts production, Bangladesh will join more than 30 countries that run nuclear power reactors.
The uranium, which arrived in Bangladesh late last month, was handed over to the authorities at a ceremony in Ishwardi, where the plant is located, in the northern district of Pabna on Thursday. Bangladesh’s Prime Minister Sheikh Hasina and Russian President Vladimir Putin joined the ceremony — both by video link.
Aleksey Likhachev, head of Rosatom, handed over the fuel at the function to Bangladesh’s Science and Technology Minister Yeafesh Osman, according to the United News of Bangladesh news agency. The report provided no other details on the amount of uranium that was shipped.
Rafael Mariano Grossi, head of the U.N. nuclear watchdog — the International Atomic Energy Agency — also joined by video conference, the report said.
Osman was cited as saying the first unit at Rooppur will become operational in July 2024 and the second in July 2025. The fuel is expected to allow the reactor to operate for one year, after which more fuel will have to be loaded.
The uranium was produced at the Novosibirsk Chemical Concentrates Plant in Russia, a subsidiary of Rosatom’s fuel manufacturing company Tevel.
Bangladesh and Russia have traditionally maintained good relations, which haven’t changed in the wake of Russia’s invasion of Ukraine last year. Dhaka has signed several contracts with Moscow on cooperation in the nuclear power industry, trade and finances, and in other sectors.
Bangladesh has planned to rely less on natural gas, which now accounts for about half of power production in the country. It is also setting up coal-fired power plants while it has a long-term plan to source 40% of the nation’s electricity from renewable sources such as solar, wind and hydroelectric power by 2041.
veryGood! (7)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Kansas City police identify 3 men found dead outside friend's home
- Tesla 4Q net income doubles due to tax benefit but earnings fall short of analyst estimates
- UK’s flagship nuclear plant could cost up to $59 billion, developer says
- Federal hiring is about to get the Trump treatment
- Love Is Blind's Marshall Glaze Is Engaged to Chay Barnes
- Judge Judy Reveals The Secret To Her Nearly 50-Year Long Marriage
- Is TurboTax actually free? The FTC says no. The company says yes. Here's what's what.
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Liberal blogger granted press credentials in Iowa House days after filing lawsuit
Ranking
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- New Hampshire turnout data show how the 2024 Republican primary compared to past elections
- Torrential rain, flash flooding sweep through San Diego: Photos capture destruction
- South Korea says North Korea has fired several cruise missiles into the sea
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- FEMA devotes more resources to outstanding claims filed by New Mexico wildfire victims
- A Libyan delegation reopens talks in Lebanon on a missing cleric and on Gadhafi’s detained son
- Fire destroys thousands works of art at the main gallery in Georgia’s separatist region of Abkhazia
Recommendation
The Super Bowl could end in a 'three
Cyprus rescues 60 Syrian migrants lost at sea for 6 days. Several have been hospitalized
What was the world like when the Detroit Lions last made the NFC championship game?
Japan’s exports surge 10% in December on strong demand for autos, revived trade with China
2 killed, 3 injured in shooting at makeshift club in Houston
Georgia House speaker proposes additional child income-tax deduction atop other tax cuts
Jon Stewart Returning to The Daily Show After Trevor Noah’s Departure
'Barbie' receives 8 Oscar nominations, but was that Kenough?